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Layoffs

Getting Fired At Yahoo: A Liveblog

Silicon Alley Insider | Henry Blodget | Posted 05.25.2011 | Business

Yahoo's Ryan Kuder was canned today. A drag for him, but a gift for the rest of us--because he Twittered it. A new form of literature is in the making...

Morgan Stanley Cuts 1,000 Mortgage Jobs

AP | JOE BEL BRUNO | Posted 05.25.2011 | Business

NEW YORK — Morgan Stanley on Wednesday said it will cut 1,000 jobs as the nation's second-largest investment bank trims its residential mortgage...

Macy's to Cut About 2,300 Jobs

AP | LISA CORNWELL | Posted 05.25.2011 | Business

CINCINNATI — Macy's Inc. said Wednesday it will cut about 2,300 management jobs as the department store operator consolidates three regional div...

Yahoo Going Forward With "Drastic" Layoffs: Source

Silicon Alley Insider | Henry Blodget | Posted 05.25.2011 | Business

A source close to Yahoo reports that Jerry Yang has decided to go forward with aggressive layoffs. The source believes the layoffs will be announced o...

Recession Watch: Is Your Job Safe?

ABC News | SCOTT MAYEROWITZ | Posted 05.25.2011 | Business

With bad news coming out of Wall Street almost daily and the U.S. economy teetering toward a recession, should Americans also be worried about losing ...

Morgan Stanley To Layoff 1,000

AP | Posted 05.25.2011 | Business

Morgan Stanley plans to lay off about 2 percent of its workers this week to help cut expenses as the market for investment banking grows tougher, acco...

Tax Rebate Deal Could Mean Checks by May

AP | ANDREW TAYLOR and JULIE HIRSCHFELD DAVIS | Posted 05.25.2011 | Politics

WASHINGTON — With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 ...

Yahoo To Lay Off Hundreds Of Jobs

AP | Miguel Helft | Posted 05.25.2011 | Business

Yahoo is planning to lay off hundreds of employees in an effort to increase its profitability, prop up its deflated stock price and narrow the focus o...

Layoffs On The Rise: Are You Prepared?

Fox Business | Kathryn Tuggle | Posted 05.25.2011 | Business

Here's another scary word (besides the evil "R" word) that has been showing up in the news headlines lately: layoffs. Should you be worried? "This is...

Reports: Citigroup May Write Down Up To $24 Billion, Lay Off 20,000 Workers

CNBC | Charlie Gasparino | Posted 05.25.2011 | Business

Citigroup could write down as much as $24 billion due to subprime and credit-related losses, CNBC has learned. In addition, the company could lay off ...

Mortgage Lender Lays Off 2,403 Employees

AP | Alex Veiga | Posted 05.25.2011 | Business

Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it t...

Citi Job Cuts Expected After Huge Losses Posted

AP | Posted 05.25.2011 | Business

Citigroup Inc. is expected to announce thousands of job cuts after posting dismal results for the fourth quarter, when the bank's mortgage-riddled por...

BMW To Cut Thousands of Jobs

AP | Michael Pohl | Posted 05.25.2011 | Business

BMW AG said Friday it will cut thousands of jobs next year, three months after incoming CEO Norbert Reithofer said he would focus on increasing the ra...

Source: Struggling Palm Lays Off 10 Percent Of Workforce

AP | May Wong | Posted 05.25.2011 | Business

Palm Inc., the troubled maker of Treo smart phones, laid off about 10 percent of its work force this week to cut expenses, according to a person famil...

Analyst Calls For Layoffs At Yahoo

Silicon Valley Insider | Henry Blodget | Posted 05.25.2011 | Business

We've argued that Yahoo needs to cut 1,200 of its employees. Bernstein analyst Jeffrey Lindsay argues that the cuts need to go a lot deeper: 20% of th...

Dow Chemical To Cut 1,000 Jobs

AP | Jeff Karoub | Posted 05.25.2011 | Business

Dow Chemical Co. announced Tuesday it is cutting 1,000 jobs, or about 2.3 percent of its work force, as part of a plan to rid itself of underperformin...

BBC To Cut 12 Percent Of Workforce

Financial Times | Andrew Edgecliffe-Johnson, Ben Fenton | Posted 05.25.2011 | Media

The BBC is poised to cut at least 12 per cent of its workforce, with the brunt of more than 2,000 redundancies falling on factual programming, senior ...

Bear Stearns Lays Off 310 Workers

AP | Posted 05.25.2011 | Business

Bear Stearns Cos. said Wednesday it is laying off 310 workers and fusing its two mortgage businesses, after turmoil in the home loan industry contribu...

Bank Of America To Lay Off 2,500

AP Via USA Today | Posted 05.25.2011 | Business

Bank of America (BAC) will lay off about 2,500 employees in Illinois over the next two years as part of its planned $21 billion purchase of Chicago's ...